Can someone give a brief explanation of what the concept of gross value actually means? I think I know, but I'm not sure. Thanks! cc/ @TomK @Undisciplined
The retail sector contributed the most gross value added to the EU economy as of 2018, with the value produced by the goods and services in this sector reaching just under 1.4 trillion euros. Tourism is also among the industries that have made top contributions to the EU economy.
The U.S.-India Trade Relationship
The trade relationship between India and the United States came into closer focus recently, with Reuters reporting suggesting that the two countries are likely to sign a cooperation agreement on the topic of critical minerals like lithium "which intends to enhance bilateral collaboration to increase and diversify essential critical mineral supply chains and leverage their complementary strengths". Since President Joe Biden took office, India and the U.S. intensified trade. The value of bilateral goods trade increased by 45 percent from 2020 to 2021 despite macroeconomic pressure due to the ongoing coronavirus pandemic.
